For Columbus Day, the buyer advertised promotional markdown on all suede coats at 35% off....
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Accounting
For Columbus Day, the buyer advertised promotional markdown on all suede coats at 35% off. The records indicated sales of: - 50 pieces with original retail of $275 each. - 30 pieces with original retail of $195 each. - 10 pieces with original retail of $150 each. (a.) What was the total markdown in dollars? (5 pts.) (b.) If sales for October were planned at $80,270, with estimated markdowns of 9%, did the buyer have more markdown money to spend for the month? If so, how much? If not, why not? ( 5 pts.)
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